TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SINGLE-PREMIUM LIFE INSURANCE [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 1989-08-24

English

Subject field(s)
  • Insurance
DEF

A life insurance contract that provides that for the consideration of a premium paid only once, the insurance company will assume the liability on the contract.

CONT

This innovative company is succeeding in convincing customers to repay millions of dollars on their loans and is at the same time generating massive new sales of single-premium life insurance, which is both liquid and nontaxable under the new law.

French

Domaine(s)
  • Assurances

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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